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DLP Resources Announces Coincident Magnetic anomaly with Copper and Molybdenum Anomalies at the Esperanza Porphyry Copper-Molybdenum Project in Southern Peru
TMX Newsfile· 2026-01-05 11:00
Core Insights - DLP Resources Inc. has completed a 280 line-km aeromagnetic drone survey over the Esperanza project in southern Peru, revealing significant magnetic anomalies associated with porphyry copper-molybdenum systems [1][3] - The survey identified a magnetic high surrounded by lows, coinciding with previously mapped alteration and geochemical anomalies for copper and molybdenum [1][2] - The company plans to permit a drill program for 2026 based on the encouraging results from the survey and prior geochemical sampling [3] Survey Details - The aeromagnetic survey was conducted on a north-south grid with 200m line spacings and infill line spacings of 100m, covering an area of 30 km² [1] - The survey confirmed coincident anomalies extending over approximately 4 x 4 km, indicating potential for a buried porphyry system [2] Project Background - The Esperanza project is an early-stage exploration project covering 8,600 hectares, located approximately 35 km southwest of the Cerro Verde Mine, one of the largest copper reserves globally [6] - Initial reconnaissance in 2022 identified copper-molybdenum mineralization, with follow-up sampling and mapping starting in early 2024 [7] Geochemical Findings - Initial rock chip samples from the project returned high levels of copper (up to 4.71%), molybdenum (28.8 ppm), zinc (3540 ppm), and cobalt (383 ppm) [8] - The sampling and mapping efforts have provided strong evidence for the presence of a porphyry copper-molybdenum system at depth [3][8] Quality Control Measures - DLP Resources has implemented a quality control and assurance program, including the use of certified reference materials and independent laboratory analysis [4][5]
MetalSource Mining Update on Silver Hill Drilling and Video Release
TMX Newsfile· 2026-01-05 08:30
Core Insights - MetalSource Mining Inc. has resumed drilling activities at its Silver Hill Silver Project in North Carolina, with plans to expand the drilling program based on recent strategic investments [2][3]. Drilling Activities - The company has completed four drill holes totaling 614.38 meters and plans to drill a fifth hole targeting main mineralization [2]. - An initial drilling program of 1,400 meters has been planned, increased from the original 800 meters, to explore both historically known mineralization and newly identified targets [2]. - Samples from the drilling have been sent to ALS in Reno for analysis, with results expected soon [2]. Project Updates - The drilling at Silver Hill will continue for several weeks before the team moves to the Byrd-Pilot Gold-Silver Project, located approximately 45 kilometers away, where four to six additional drill holes are planned [4]. - The Silver Hill Project is situated in the Carolina Terrane and covers 1,128 acres, with historical mineralization extending to 550 meters from the surface [6]. - Recent surface sampling at Silver Hill yielded significant results, including 444 grams per ton (g/t) of silver, 17.7 g/t of gold, 8.61% lead, and 0.507% zinc [6]. Video Release - MetalSource has released educational videos to inform investors about its exploration activities and project portfolio, produced by Iximche Media and Shootday [5]. Geological Context - The Byrd-Pilot Mountain Project has been identified as potentially hosting a porphyry gold-copper system, with previous work indicating broad gold mineralization and significant geological features [7].
Germanium Mining Corp. Maiden Exploration and Reconnaissance Program at Azure Ridge Historical Mine Nevada, USA
Thenewswire· 2026-01-05 08:05
Core Viewpoint - Germanium Mining Corp. has initiated a field exploration program at the Azure Ridge Historical Mine in Nevada, focusing on the potential of critical minerals, particularly germanium and gallium [1][2][4]. Group 1: Exploration Program - A team led by geologist William Feyerabend and Amazona Enterprises has been deployed for reconnaissance at the Azure Ridge site [1]. - The exploration program aims to enhance the understanding of mineralization styles and identify priority target areas through detailed site reconnaissance and selective rock sampling [2][4]. - The program is structured to address geological questions related to host rock characteristics and mineralizing processes relevant to germanium and gallium [4]. Group 2: Technical Reporting - The company plans to collaborate with Amazona on preparing an NI 43-101 Technical Report, which will review historical information and the results of field activities [5]. - The report will emphasize the property's relevance within the North American critical minerals supply chain, particularly for germanium and gallium [5]. Group 3: Historical Context - The Azure Ridge Historical Mine, previously known as the Bonelli Mine, last reported production in 1918 and has remained largely inactive since then [7]. - Historical studies indicated the presence of fault-controlled, carbonate-hosted mineralization, with previous sampling revealing anomalous values of germanium, gallium, copper, lead, zinc, and cobalt [8][9].
Apex Receives Exploration Permit for Rift REE Project, Nebraska; Drill Program Preparation Underway
Accessnewswire· 2026-01-05 08:01
Core Viewpoint - Apex Critical Metals Corp. has received approval for its mineral exploration permit at the Rift Rare Earth Project, marking a significant step towards initiating its drilling campaign in Nebraska, USA [1][2]. Company Developments - The company is actively expanding its property position and has completed historical re-logging, re-assaying, and 3D modeling in preparation for the drilling campaign [2]. - The Rift Project now encompasses approximately 3,500 acres within the Elk Creek Carbonatite Complex, an area with extensive historical drilling results from previous operators [2][7]. - Historical drilling results include significant intervals of high-grade rare earth oxide (REO) mineralization, such as 155.5 meters at 2.70% REO and 68.2 meters at 3.32% REO [6][7]. Drilling Program Preparations - With the drill permit secured, Apex has commenced pre-drilling activities, with drilling expected to start in the first half of Q1/2026 [3]. - Preparations include finalizing discussions with contractors, securing drill mobilization schedules, establishing access routes, and refining targets based on historical data [6]. Strategic Positioning - Apex Critical Metals is focused on advancing rare earth element and niobium projects to meet the growing demand for critical and strategic metals in North America [7][9]. - The company is also advancing its 100%-owned Cap Project in British Columbia, which has shown significant niobium discovery potential [8].
NGEx Minerals (OTC:NGXXF) Trading Down 2.2% – What’s Next?
Defense World· 2026-01-03 07:35
NGEx Minerals Ltd. (OTC:NGXXF – Get Free Report) dropped 2.2% during mid-day trading on Friday . The stock traded as low as C$18.17 and last traded at C$18.25. Approximately 153,841 shares were traded during mid-day trading, an increase of 392% from the average daily volume of 31,243 shares. The stock had previously closed at C$18.66. Get NGEx Minerals alerts: Analysts Set New Price TargetsSeparately, National Bankshares reissued an “outperform” rating on shares of NGEx Minerals in a research report on Wedn ...
Traction Uranium Announces Private Placement of C$500,000 of Unsecured Convertible Debentures
Globenewswire· 2026-01-02 22:30
Core Viewpoint - Traction Uranium Corp. plans to complete a non-brokered private placement of unsecured convertible debentures totaling C$500,000 to support its operations and general working capital [1][4]. Group 1: Offering Details - The convertible debentures will be issued in principal amounts of C$1,000, maturing 12 months from issuance, with an interest rate of 10% per annum, payable at maturity [2]. - Holders of the convertible debentures can convert them into units of the company at the most recent closing price of the common shares prior to conversion, with each unit consisting of one common share and one warrant [3]. - Each warrant allows the holder to purchase one common share at an exercise price of 110% of the market price for a period of 24 months from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general and administrative expenditures and general working capital purposes [4]. Group 3: Regulatory and Closing Information - The offering is expected to close around January 16, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [4]. - All securities issued will be subject to a statutory hold period of four months and one day [4]. Group 4: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, particularly in the Athabasca Region [6].
SAGA Metals Reports Best Drill Results To-Date at Radar Ti-V-Fe Project in Labrador
Globenewswire· 2026-01-02 22:00
Core Insights - SAGA Metals Corp. has reported the first assay results from the Trapper Zone following the completion of the 2025 Phase of the Mineral Resource Estimate drill program, indicating significant mineralization potential [1][3]. Assay Highlights - The initial results from two drill holes (R-0008 and R-0009) show high grades of iron (Fe₂O₃), titanium (TiO₂), and vanadium (V₂O₅), with R-0008 yielding 36.21% Fe₂O₃, 6.57% TiO₂, and 0.244% V₂O₅ over 269.36 meters, while R-0009 yielded 39.75% Fe₂O₃, 7.46% TiO₂, and 0.25% V₂O₅ over 296.47 meters [6][11]. - Notably, 193 out of 418 samples graded over 7% TiO₂, with 97 samples exceeding 10% TiO₂, and 241 samples graded over 0.2% V₂O₅, with 128 samples over 0.3% V₂O₅ [6][9]. Comparative Analysis - The assay results from the Trapper Zone show a significant increase compared to the Hawkeye Zone, with Fe₂O₃ increasing by 124%, TiO₂ by 105.90%, and V₂O₅ by 36.90% [7][11]. - The best full hole metrics from Trapper Zone (R-0009) are substantially higher than those from the Hawkeye Zone, establishing a clear step-change in iron and titanium grades [7][11]. Geological Context - The drilling targeted a strong magnetic anomaly identified in the 2025 ground geophysical survey, which traces the shape of an apparent fold structure, indicating a promising geological setting for mineralization [14][19]. - The Radar Property, encompassing 24,175 hectares, hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km of strike length, suggesting potential for further mineralization expansion [19][25]. Future Plans - The company anticipates receiving additional assay results by mid-January, with plans to initiate the 2026 phase of the MRE drill program at the Trapper Zone shortly thereafter [14][15].
Tsodilo Resources Announces Grant of Stock Options
TMX Newsfile· 2026-01-02 21:41
Core Viewpoint - Tsodilo Resources Limited has granted 500,000 stock options to its officers, senior employees, and advisors, effective January 5, 2026, at a price of CDN $0.15 per common share, valid for five years and vesting in four equal installments [1] Company Overview - Tsodilo Resources Limited is an international mineral resource exploration company focused on finding economic metal deposits at its Gcwihaba projects in Botswana, holding a 100% stake in five prospecting licenses for various metals [2]
Metalsource Mining Grants Stock Options
TMX Newsfile· 2026-01-02 20:25
Group 1 - Metalsource Mining Inc. has granted 3,000,000 incentive stock options to employees, officers, directors, and consultants, exercisable at $0.63 per share for five years [1] - The stock options are subject to a hold period of four months and one day and are governed by the Company's Stock Option Plan [1] Group 2 - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets, focusing on economic precious and base metal properties [2] - The Company's exploration program is centered on the Aruba Property, located in the Kalahari Desert region of Botswana, covering 4,663 square kilometers and prospective for platinum group metals, gold, silver, and manganese [2]
Naughty Ventures Announces Private Placement of Flow-Through Units
TMX Newsfile· 2026-01-02 13:00
Core Viewpoint - Naughty Ventures Corp. is conducting a non-brokered private placement financing to raise $200,000 through the issuance of 2,000,000 flow-through units at $0.10 each, aimed at funding Canadian exploration expenses [1][4]. Group 1: Private Placement Details - The private placement consists of 2,000,000 units, each unit comprising one common share and one transferable common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of C$0.15 for a period of 36 months from issuance [1]. - The proceeds will be used for eligible Canadian exploration expenses on the company's mineral properties, with expenditures renounced to the subscriber effective December 31, 2026 [4]. Group 2: Insider Participation - Mr. Blair Naughty, CEO and President of the company, will subscribe for the entire private placement, increasing his equity stake from 20.93% to approximately 22.95% [2]. - His participation is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [3]. Group 3: Company Overview - Naughty Ventures Corp. is a Canadian venture investment and mineral exploration company focused on early-stage mineral projects with significant discovery potential [5]. - The company aims to acquire, develop, and strategically position mineral assets with strong value potential, as well as invest in private and public companies with high growth potential [5].